Business Description

Ameriprise Financial Inc was formed in 1983 as a Delaware corporation in connection with American Express Company's 1984 acquisition of IDS Financial Services from Alleghany Corporation. Prior to August 1, 2005, the Company was named American Express Financial Corporation. As a holding company, Ameriprise Financial, Inc. primarily engages in business through its subsidiaries. The Company is engaged in providing financial planning, products and services that are designed to offer solutions for its clients' asset accumulation, income and protection needs. The Company delivers financial solutions to its clients through a tailored approach such as building a long-term personal relationship through financial planning and advice that is responsive to its clients' evolving needs. The financial solution the Company offers includes both its own products and services and products of other companies. Its financial planning and advisory process is designed to provide comprehensive advice for its clients' asset accumulation, income management and protection needs. The Company's network of financial advisors is the means by which the Company develops personal relationships with its clients. Its branded advisor network is also the primary distribution channel through which the Company offers its asset accumulation and income products and services, as well as a range of insurance protection products. The Company offers its branded advisors training, tools, leadership, marketing programs and other centralized support to assist them in delivering tailored solutions to its clients, including products and services designed to meet its clients' needs. Ameriprise financial has five operating segments aligned with the financial solutions: Advice & Wealth Management, Asset Management, Annuities, Protection & Corporate & Other. The Advice & Wealth Management segment provides financial planning and advice, as well as full-service brokerage services, primarily to retail clients through its advisors. Its Asset Management segment provides investment advice and investment products to retail, high net worth and institutional clients through Columbia Management and Threadneedle. Columbia Management mainly provides products and services in the U.S., and Threadneedle mainly provides products and services internationally. The Annuities segment provides RiverSource variable and fixed annuity products to individual clients. The RiverSource Life companies provide variable annuity products through its advisors, and its fixed annuity products are distributed through both affiliated and unaffiliated advisors and financial institutions. The Corporate & Other segment consists of net investment income or loss on corporate level assets, including excess capital held in its subsidiaries and other unallocated equity and other revenues as well as unallocated corporate expenses. The Company has Ameriprise Financial as its enterprise brand as well as the name of its advisor netw

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